Section 80P Deduction Allowed on Interest Earned from Bank Deposits by Co-operative Credit Society: ITAT Pune

Advertisement Ruby Hall Clinic Karmchari Sahakari Patsanstha Maryadit Vs ITO (ITAT Pune) The Pune Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2017-18. The assessee, a co-operative credit society engaged in providing credit facilities to its members, had filed its return declaring nil income after claiming deduction under Chapter VI-A amounting to ₹79,89,208. The original assessment under Section 143(3) accepted the returned income and allow...